Dec. 6 at 1:58 AM
Actionable Trade Alert for
$PHM:
Market Context:
$PHM is currently trading at
$127.89, showing strength with an RSI of 66.69, indicating a bullish momentum but nearing overbought territory. The price is above the 30-day moving average (MA30) of
$120.75 and the 50-day moving average (MA50) of
$123.48, supporting a bullish bias.
Directional Bias: The recent high of
$139.69 suggests potential upside, while the low of
$111.65 provides a solid support base. The current price is well-positioned within this range, favoring upward movement.
Trade Plan:
- Suggested Entry:
$128.50
- Stop Loss:
$124.00 (approx. 3.9% risk)
- Take Profit Targets:
- Target 1:
$135.00 (5% gain)
- Target 2:
$140.00 (9% gain)
- Target 3:
$150.00 (17% gain)
This plan offers a clear risk-reward ratio, aiming for a minimum of 17% ROI on the third target. Execute with caution and monitor market conditions.
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